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SAI’s weighted average bid price in the auction was NT$74.59, with an oversubscription ratio of 3.14 times. The underwriting IPO price is NT$70 per share, and the public subscription period is from April 30th to May 3rd.

Global automotive wheel industry leader SuperAlloy Industrial Co., Ltd. (SAI, 1563 TT) conducted the initial public offering (IPO) of ordinary shares through a competitive bidding underwriting operation. The computerized bidding was completed publicly by the Taiwan Stock Exchange on the morning of April 26 at 10am. A total of 16,000 shares were auctioned in this bidding, all of which were successfully sold. The weighted average bid price was NT$74.59.

SAI’s public offering before listing attracted enthusiastic market response, with a total of 50,280 qualified bids. The oversubscription ratio of the competitive bidding auction reached 3.14 times. SAI will conduct a public subscription for 4,050 shares from April 30th to May 3rd, at a subscription price of NT$70. A public draw is scheduled for May 7th, with listing planned for May 13th.

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